EU extends quotas for Galvanized Steel Coils Imports From Vietnam

The European Commission (EC) has announced the extension of the EU’s safeguard measures encompassing 26 steel product categories until June 30, 2024, and has decided to increase gthe level of the tariff-rate quotas for all product categories by four percent for the period July 1, 2022 to June 30, 2023, and July 1, 2023 to June 30, 2024 (including coated steel imports from Vietnam: Galvanized steel coils, galvalume steel coils, prepainted steel sheet in coils – GI, GL, PPGI, PPGL).

The commission has also decided to include Vietnam, which was exempted from the safeguard measures, in the other countries’ quota for hot dip galvanized, effective from July 1, 2022. However, the quota volume will not be changed, except for the four percent increase in general. Therefore, suppliers under the other countries such as Turkey will be competing with coated steel sheet in coils manufacturers Vietnam in terms of the volumes to the EU.

According to the EUROFER statistics, the EU imported 979,205 mt of galvanized steel coils from Vietnam in 2021. The EU is expected to import 1,349,692 mt of Hot Dip Galvanized steel sheet in coils from Vietnam in 2022, taking into account the data up to now.

Meanwhile, the EC concluded that the replacement of the US Section 232 measures with tariff-rate quotas has not had any effect on the EU safeguard measure which would require an adjustment.

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As a Steel Supplier/ Steel Sourcing/ Business Consult company, our mission is to connect you with suitable leading steel manufacturers in Vietnam and China, to support you to get the best quotation from reliable steel manufacturers.

For over 10 years in steel field, GTS Steel have set up deep connections with steel manufacturers/ steel mills in Vietnam and China. We are confident to bring the best price and service to our customers with various types of steel:

– Hot Rolled Coils steel – HRC
– Cold Rolled Coils – CRC
– Coated Steel (Galvanized steel/ Galvalume steel coils, Prepainted Steel Coils – GI, GL, PPGI, PPGL)
– Wire rods, Beams
– Stainless steel
– Steel pipes…

We believe that our sourcing services will help you to find the right manufacturers with qualified quality steel products and best competitive prices.

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